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Xinjiang Tianshan Cement Co Ltd

Tianshan Material Co., Ltd. engages in the production and sale of cement, clinker, ready-mixed concrete, and aggregates in China and internationally. It offers ordinary cement, including silicate cement and common silicate cement; and special cements, such as sulfoaluminate cement, oil well cement, hydraulic cement, high-temperature heavy oil cement, sulfate-resistant silicate cement, ultrafine silicate cement, road silicate cement, silicate cement for nuclear power engineering, marine cement, fast-setting and fast-hardening sulfoaluminate cement, and medium-heat and low-heat silicate cement. The company also provides ordinary mortars consisting of leveling and plastering mortars, as well as tile adhesive specialty mortars; conventional commercial concrete and high-strength concrete; air entrained concrete, radiation proof concrete, permeable concrete, plain concrete, lightweight aggregate concrete, ultra-high strength and high-performance concrete, soil and low heat concrete, self-compacting concrete, marine concrete, colored concrete, cement concrete products; and wet-mix mortar, mirror-finish concrete, and underwater non-dispersible concrete. Its products are used in agriculture, water conservancy, transportation, and other fields. The company was incorporated in 1998 and is based in Shanghai, China. The company was formerly known as Xinjiangtianshan Cement Co.,Ltd and changed its name to Tianshan Material Co., Ltd. in April 2024. Tianshan Material Co., Ltd. operates as a subsidiary of China National Building Material Company Limited.

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Tianshan Shares posts loss of 3.193 billion yuan in first half of 2026

Tianshan Shares disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 30.16 billion yuan, down 16.18 percent year on year. Net loss attributable to the parent company was 3.193 billion yuan, compared with a loss of 924 million yuan in the same period last year. Net loss after deducting non-recurring items was 3.55 billion yuan, compared with a loss of 1.083 billion yuan a year earlier. Net cash flow from operating activities was negative 930 million yuan, versus positive 1.943 billion yuan in the prior-year period. Basic loss per share was 0.449 yuan, and the weighted average return on net assets was negative 4.33 percent. As of the end of the first half, the company's goodwill reached 24.283 billion yuan, equivalent to 33.69 percent of net assets of 72.086 billion yuan over the same period.
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Ningxia Building Materials Plans 100 Million to 200 Million Yuan Share Buyback and Cancellation

Ningxia Building Materials announced plans to repurchase shares through centralized competitive bidding, with a total amount of no less than 100 million yuan and no more than 200 million yuan, at a price not exceeding 19.47 yuan per share. The repurchased shares will be fully cancelled to reduce registered capital. The buyback period is within three months after shareholder meeting approval. The company's actual controller and controlling shareholder have no plans to reduce their holdings in the next three to six months. The company stated the move aims to carry out market value management, optimize capital structure, and demonstrate management's recognition of the company's intrinsic value and confidence in its development. Meanwhile, the company disclosed a deferred arrangement for resolving horizontal competition issues with Tianshan Cement. The controlling shareholder China National Building Material and the actual controller China National Building Material Group plan to fulfill relevant commitments within two years after shareholder meeting approval.
600449.CG ▲000877.CS
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China National Building Material again extends non-compete commitment by two years

China National Building Material announced another two-year extension for fulfilling its non-compete commitments to Ningxia Building Materials and Tianshan Cement. The company issued a commitment letter in December 2017, originally planning to resolve competition issues within three years. It previously extended the deadline by three years in December 2020, and again by two years on August 9, 2024. The latest extension letter was issued on August 9, 2026, proposing to extend the performance period by another two years from the date each company's shareholders' meeting approves the resolution. The company stated that the business integration plan for its basic building materials segment needs to be advanced prudently, and previous extensions have all been approved by the relevant boards and shareholders' meetings. This extension does not affect the validity of other terms in the 2017 commitment letter.
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Tianshan Cement expects a loss of 2.8 billion to 3.36 billion yuan in the first half of 2026

Tianshan Cement disclosed its earnings forecast, expecting a net loss attributable to shareholders of 2.8 billion to 3.36 billion yuan in the first half of 2026, compared with a loss of 924 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 3.15 billion to 3.68 billion yuan, compared with a loss of 1.083 billion yuan a year earlier. The company's main business is the production and sale of cement, clinker, ready-mixed concrete, and aggregates. The change in performance is mainly due to weak market demand, which led to lower prices and volumes for cement and ready-mixed concrete, as well as a decline in aggregate prices. The decrease in costs and expenses was insufficient to offset the impact of falling prices, resulting in a year-on-year decline in gross profit for related products.
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Tianshan Cement issues 2026 first-half earnings forecast, expects net loss of 2.8 billion to 3.36 billion yuan

Tianshan Cement has issued its 2026 first-half earnings forecast, expecting a net loss of 2.8 billion to 3.36 billion yuan, and a non-recurring net loss of 3.15 billion to 3.68 billion yuan. Against a backdrop of weak domestic cement demand and low prices, the company reduced the cost of sales for its three main products—cement clinker, ready-mixed concrete, and aggregates—through centralized procurement, production optimization, and expense control. The company continues to advance its cement-plus industry chain extension, high-end, intelligent, and green transformation, as well as international expansion, with both revenue and profit from international operations growing year-on-year in the first half. Lianhe Credit maintains its rating outlook, believing the company will retain its prominent industry position thanks to advantages in scale, cost, and financing capability.
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